Company name:
RingCentral Inc
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IPO SHARE PRICE:$13.00
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IPO DATE:27 September 2013
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TICKER:RNG
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MAIN STOCK EXCHANGE:New York Stock Exchange
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CURRENT HQ LOCATION:20 Davis Drive Belmont California 94002
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FISCAL YEAR END:December 31
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INCORPORATION JURISDICTION:DE
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ORGANIZED AS THE FOLLOWING LEGAL TYPE:Corporation
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Investor Relations Webpage:Coming soon!
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TAX RATE:USA federal corporate nominal income tax rate is 21%
Short Description
RingCentral Inc
We are working hard and as soon as possible to provide company description soon. Feel free to reach out to request it sooner: improve@real-clear-investing.com
Balance Sheet
(USD in thousand)
29.3%
8.1%
Selected Quarter:
31-Dec
2020
2020
Current Assets
Most valuable part of Current Assets is Cash and Marketable Securities which should be watched carefully; at the same time high and growing level of Accounts Receivables is very dangerous sign
42.4%
29.3% —
Cash and cash equivalents
8.1% —
Accounts Receivable
2.9% —
Deferred and prepaid sales commission costs
2.1% —
Prepaid expenses and other current assets
Liquidity
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The most liquid asset, however, most companies don't keep much of it and invest excess cash into marketable securities such as Government bonds - in the US - Treasuries
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$549,030 | $567,668 | $582,663 | $343,606 | $762,064 | $773,756 | $745,558 | $639,853 | ||||||||||||||||
| Short-term passive investments | - | - | - | - | - | - | - | - | ||||||||||||||||
| Accounts Receivable | 100,706 | 105,585 | 118,282 | 129,990 | 135,433 | 142,317 | 153,583 | 176,034 | ||||||||||||||||
| Inventory | - | - | - | - | - | - | - | - | ||||||||||||||||
| Prepaid expenses and other current assets | 29,708 | 33,127 | 31,904 | 25,354 | 34,312 | 39,366 | 40,251 | 46,516 | ||||||||||||||||
| Deferred sales commissions | 24,924 | 28,726 | 32,196 | - | - | - | - | - | ||||||||||||||||
| Deferred and prepaid sales commission costs | - | - | - | 36,589 | 39,775 | 46,577 | 53,212 | 63,726 | ||||||||||||||||
| Total current assets | $704,368 | $735,106 | $765,045 | $535,539 | $971,584 | $1,002,016 | $992,604 | $926,129 |
9.8%
6.5%
30.6%
5.4%
Selected Quarter:
31-Dec
2020
2020
Non-Current Assets
Non-current assets characterize company's business: high Property, Plant, and Equipment means that company is in capital-intensive industry which typically is very cyclical (earnings fluctuate a lot); watch out for high level of Goodwill and other non-intangibles which is bad sign as they typically worth very low relative to their value shown on the balance sheet
57.6%
30.6% —
Deferred and prepaid sales commission costs
9.8% —
Long-term passive investments
6.5% —
Property and equipment net
5.4% —
Acquisition-related intangible assets
2.6% —
Goodwill
2.3% —
Operating lease - right-of-use assets
0.4% —
Other assets non-current
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| Long-term passive investments | - | - | - | 132,188 | 109,942 | 149,337 | 173,641 | 213,176 | ||||||||||||||||
| Property and equipment net | 74,203 | 78,549 | 84,123 | 89,230 | 97,924 | 114,423 | 132,967 | 142,208 | ||||||||||||||||
| Operating lease - right-of-use assets | 31,719 | 34,341 | 41,302 | 39,269 | 38,820 | 38,107 | 50,414 | 51,115 | ||||||||||||||||
| Deferred sales commissions | 59,098 | 69,883 | 78,629 | - | - | - | - | - | ||||||||||||||||
| Deferred and prepaid sales commission costs | - | - | - | 462,344 | 471,120 | 486,500 | 599,759 | 667,779 | ||||||||||||||||
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Acquisition-related intangible assets
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30,634 | 28,514 | 25,839 | 127,338 | 118,524 | 110,090 | 101,894 | 118,313 | ||||||||||||||||
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Goodwill
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55,373 | 55,613 | 54,743 | 55,278 | 54,830 | 55,287 | 56,223 | 57,313 | ||||||||||||||||
| Other assets non-current | - | - | - | 9,561 | - | - | 8,812 | 8,564 | ||||||||||||||||
| Other non-current assets | 10,307 | 10,194 | 9,798 | 9,561 | 9,176 | 8,883 | - | - | ||||||||||||||||
| Total non-current assets | 261,334 | 277,094 | 294,434 | 915,208 | 900,336 | 962,627 | 1,123,710 | 1,258,468 |
| Total assets | $965,702 | $1,012,200 | $1,059,479 | $1,450,747 | $1,871,920 | $1,964,643 | $2,116,314 | $2,184,597 |
6.5%
9.6%
63.0%
30.9%
Selected Quarter:
31-Dec
2020
2020
Current Liabilities
Current Liabilities represent company's short-term dues to others. The most important part to watch for is short-term debt and accounts payables
20.1%
9.6% —
Accrued liabilities
6.5% —
Current portion of deferred revenue
2.5% —
Accounts payable
1.4% —
Senior convertible notes
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| Accounts payable | $19,366 | $21,161 | $22,443 | $34,612 | $35,306 | $36,476 | $38,002 | $54,043 | ||||||||||||||||
| Accrued liabilities | 115,363 | 121,075 | 140,535 | 138,729 | 162,286 | 167,721 | 189,555 | 210,654 | ||||||||||||||||
| Current portion of deferred revenue | 93,828 | 103,362 | 105,159 | 107,372 | 110,178 | 122,514 | 127,500 | 142,223 | ||||||||||||||||
| Senior convertible notes | - | - | - | - | - | 44,417 | 14,156 | 31,148 | ||||||||||||||||
| Current maturities of long-term debt | - | - | - | - | - | - | - | - | ||||||||||||||||
| Current portion of Capital leases | - | - | - | - | - | - | - | - | ||||||||||||||||
| Total current liabilities | $228,557 | $245,598 | $268,137 | $280,713 | $307,770 | $371,128 | $369,213 | $438,068 |
Selected Quarter:
31-Dec
2020
2020
Non-Current Liabilities
The most critical items are revolving credit facility, term loans, and then notes - any forms of debt; in addition, pay attention to items like pension liabilites and leases- hidden debt
65.7%
63.0% —
Senior convertible notes
1.8% —
Operating leases
0.9% —
Other non-current liabilities
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| Sales tax liability | - | - | - | - | - | - | - | - | ||||||||||||||||
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Senior convertible notes
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371,534 | 376,583 | 381,701 | 386,889 | 1,041,991 | 1,008,477 | 1,394,898 | 1,375,320 | ||||||||||||||||
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Long-term debt
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- | - | - | - | - | - | - | - | ||||||||||||||||
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Capital leases
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- | - | - | - | - | - | - | - | ||||||||||||||||
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Operating leases
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23,693 | 24,911 | 31,097 | 28,516 | 27,027 | 25,392 | 37,973 | 38,722 | ||||||||||||||||
| Other non-current liabilities | 10,694 | 9,541 | 9,050 | 8,929 | 4,708 | 11,314 | 14,555 | 20,241 | ||||||||||||||||
| Total long-term liabilities | $405,921 | $411,035 | $421,848 | $424,334 | $1,073,726 | $1,045,183 | $1,447,426 | $1,434,283 |
| Total Liabilities | $634,478 | $656,633 | $689,985 | $705,047 | $1,381,496 | $1,416,311 | $1,816,639 | $1,872,351 |
Selected Quarter:
31-Dec
2020
2020
Equity
It's residue that is owned by shareholders after satisfying all of the liabilities with all of the assets; the larger the amount, the better the business is
14.1%
30.9% —
Additional paid-in capital
0.3% —
Accumulated other comprehensive income
0.2% —
Temporary equity
0.0% —
Common stock Class A
0.0% —
Common stock Class B
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Temporary equity
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- | - | - | - | - | $6,756 | $1,934 | $3,787 | ||||||||||||||||
| Common stock | 8 | 8 | 8 | 9 | 9 | 9 | 9 | - | ||||||||||||||||
| Common stock Class A | - | - | - | 8 | - | - | - | 8 | ||||||||||||||||
| Common stock Class B | - | - | - | 1 | - | - | - | 1 | ||||||||||||||||
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Accumulated deficit
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(242,061) | (251,304) | (264,053) | (289,310) | (350,031) | (349,522) | (370,479) | (372,306) | ||||||||||||||||
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Additional paid-in capital
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571,426 | 604,770 | 633,188 | 1,033,053 | 840,115 | 889,987 | 664,689 | 673,950 | ||||||||||||||||
| Accumulated other comprehensive income | 1,851 | 2,093 | 351 | 1,948 | 331 | 1,102 | 3,522 | 6,806 | ||||||||||||||||
| Accumulated other comprehensive (loss) income | - | - | - | - | - | - | - | - | ||||||||||||||||
| Accumulated other comprehensive loss | - | - | - | - | - | - | - | - | ||||||||||||||||
| Total Equity | $331,224 | $355,567 | $369,494 | $745,700 | $490,424 | $541,576 | $297,741 | $308,459 |
| Total Liabilities and Equity | $965,702 | $1,012,200 | $1,059,479 | $1,450,747 | $1,871,920 | $1,964,643 | $2,116,314 | $2,184,597 |